Pending

5432 State Road

Parma, OH 44134

$210,000 $885/Mo

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Overview

Bed

Bath

0.11

Acre(Lot)

Description

Introducing a rare investment opportunity in a thriving community! This mixed-use property in Parma features a hair and nail salon on the ground floor, along with a spacious three-bedroom apartment above. This unique property combines the benefits of a stable commercial tenant with the potential for reliable residential rental income. The recently renovated hair and nail salon has just signed a two-year lease ($1200 a month), ensuring a consistent income stream for the new owner. The attractive storefront and prime location offer excellent visibility and foot traffic, contributing to the ongoing success of the business. The second floor is home to a beautifully maintained three-bedroom apartment, providing ample space and modern amenities for tenants and recently updated through out. With a spacious living area, well-appointed kitchen, and generous bedrooms, this apartment offers comfortable living in a convenient location. Investors seeking a diversified revenue stream and a prime location in a bustling neighborhood. Take advantage of the stable commercial tenant, the updated residential unit, and the property's excellent visibility to secure a strong return on your investment.

Property Details

Property Type : Residential Income

Price : $210,000

AD Id : 68140647

MLS Id : 5167940

Beds : 3

Lot Size : 0.11 Acre

Year Built : 1930

County : Cuyahoga

Subdivision: Lakewood West

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Has Basement: Yes Basement: Unfinished
Roofing Information

Asphalt, Fiberglass
Interior Features

Roof: Asphalt, Fiberglass
Heating & Cooling

Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1930 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 0.1145 Acres Lot Size Acres: 0.1145 Lot Size Source: Assessor

Property Information

Subdivision: George Blake Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 96

Listing Price Information

Listing Price: $210000 Original Price: $235000

Tax Information

Parcel Number: 443-30-135 Tax Year: 2024 Annual Tax: $3698 Tax Legal Desc: BLAKE O/L 3 NEXT S OFLOT 1 STATE VW ALLOT

Parking Information

Parking Lot

Location Information

Direction: Brook Park Rd to South on State. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
4419 Lincoln Avenue, Parma, OH, 44134	$219,900	5	2	--

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 06/05/2026 @ 01:35

MLS: 5167940 LISTED BY: Chris Kilbane, Russell Real Estate Services 440-572-3100 SOURCE: MLS Now